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he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act hold you to spending reduction to get the debt level raised. major garrett at cbs now, asked a question. it was a long question or we'd play it for you. but i thought president obama could have answered it with more honesty, as opposed to yeah, i know. politics got in the way. >> kimberly: but he didn't. he wanted to say i know what you are talking about. >> dana: attack the questio questioner. that was then, this is now. >> kimberly: now he's head of the ma nar i can and he can do -- monarchy and he can do what he wants. he continues to demonize with the rhetoric and language those who disagree with him. because they have a concern about the financial well-being of the future of the country. how about cut spending. >> dana: i want to get to you in a second. i ha
he voted against raising the debt ceiling. calls it unpatriot i cannot to do it now. >> dana: president obama was called out on this before. saying it was unpatriotic and lack of leadership. that's why you would vote against it. now it's unpatriotic if the patriot act hold you to spending reduction to get the debt level raised. major garrett at cbs now, asked a question. it was a long question or we'd play it for you. but i thought president obama could have answered it with more honesty,...
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Jan 10, 2013
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seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve...
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Oct 15, 2013
10/13
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and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go before possible default, house conservatives are back on the sideline. while senate gop leader mitch mcconnell searches for a last-minute deal with democrats. >> perhaps tomorrow will be a bright day. we are not there yet, we hope it will be. >> reporter: negotiations are at such a sensitive stage it was dealed as a positive development with a 3:00 p.m. monday meeting called here at the white house between house and senate leaders was postponed because they were hammering out details behind closed doors. back to you. >> thank you, mike viqueira reporting from the
and raising the debt ceiling high enough to last until mid february. a key question, can house speaker john boehner get a senate deal through the house? so far conservatives have pushed the speak tore adop speaker to e on cutting spending and rolling bako bomb a care. they are weary of boehner. dismayed when forced to swallow the fiscal cliff deal in january. this time was to be different. but their strategy of tying government fund to go cutting obama care has failed. and with two days to go...
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government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
government shutdown comes to an end as america default by a whisker with the debt ceiling raised some worried that catastrophe is only being delayed. the. protesters in italy take on the police as thousands hit the streets to vent their anger at the government's new austerity loaded budget. also this week. out of new clear a huge spike in radiation levels at fukushima as readings in a story rise by thousands of times in just a day.
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Oct 15, 2013
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good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a win tonight was critically important. >> get that man a chapstick, will you? i don't know what he was doing, but mrs. king is a very lucky woman. >> well, sometimes it's vampires, but apparently zombies are hot enough to make a show about them the most watched show on television. more than 16 million people tuned into walk the walking dead's season four premiere. even beat out sunday night football. and remember, this show is on amc. they just keep cranking it out. entertainment weekly reports viewer ship is up 30% from the show's previous high. now, who is behind what many con
good morning, sir. >> let's raise that debt ceiling. welcome back. and now let's start with jimmy kimmel who noticed something a little strange after the bears/giants game last week. >> bears running back matt forte spoke to reporters in the locker room after the game. keep an eye on rich king in the background. >> between time of possession and not having to -- did a freight job finding open receivers. you want to win all your home games. hard to win on the road. so getting a...
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Oct 9, 2013
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get the debt ceiling raised. never let the government shut down. >> he is saying "i didn't come here to shut the government down and not raise the debt ceiling and have us default. then don't. john boehner, man up. explain the call. not the way we govern. sit down and let the grownups raise the debt ceiling the way they have done uncontroversially. over and over again. >> i'm insisting this is about weakening the presidency. the republicans created the modern imperial presidency under richard nixon. they see ruining the presidency is increasingly difficult. demographics, hispanic vote. positions on immigration, all sorts of things. women's issues, abortion, so forth. they have just decided it is not in republican party's interest to have a strong presidency. we are going to make the presidency as difficult as the it can be? >> yeah, look. this is a sad time to follow politics and also an interesting time. and the thesis you put forth. they lost the popular vote in five of six elections for president. they know th
get the debt ceiling raised. never let the government shut down. >> he is saying "i didn't come here to shut the government down and not raise the debt ceiling and have us default. then don't. john boehner, man up. explain the call. not the way we govern. sit down and let the grownups raise the debt ceiling the way they have done uncontroversially. over and over again. >> i'm insisting this is about weakening the presidency. the republicans created the modern imperial...
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Sep 20, 2013
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>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire. legislative arsonists are at work when they start using the debt limit. >> it sounds like chuck schumer has been playing too many violent vid owe games. >> obamacare is dead, dead. a waste of time, as i said before. >> obamacare is driving up the cost of health care. destroying american jobs. >> it is a train wreck. house republicans have showed the courage they are showing now that they continue to stand up. the house is the one branch of government they have a majority. >> speaker boehner even re-elised a web video blasting president obama for negotiating with the russian president but not his own cong
>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire....
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Jan 16, 2013
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at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion when he came in, it is 16 trillion, he has not thinked for his talk about corporate responsibility and millionaires and billionaires paying their fair share that last tax bill as more corporate welfare to billionaire friends of barack obama than any pork bill we've seen so far. >> obama will not last too long when they see this hypocrisy. >> i cannot believe we're calling it responsible to consider defaulting on some of our obligation today so maybe at some point in the future there will not be a debt collapse. you say we should default today so there will not be a default in the future. neil
at end of day raising debt ceiling is about paying bills that have been incurred. neil: i know that, what were democrats thinking 7 year ago when they voted gain it they were just addressing. >> it was political theater then and now, but now. neil: did you see that then? >> i was in college or grad school. you should have had me on. >> barack obama -- hold on, barack obama was saying it back then, there is so much santa money from the white house, national debt was 10 trillion...
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Sep 19, 2013
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if you don't raise the debt ceiling an economic calamity. they are saying let the chips fall where they may. astounding. >> a really frightening thing. one thing interesting about this discussion, if you ask people do you think we should raise the debt ceiling, the majority of people will say no. if you ask people do you think we should pay our debts and stand by our debts and not default on our debt, an even larger number of people say, no, we shouldn't do that. we certainly should pay our debt. in part it's how you define the question. i think people want the government to act responsibly. on the one hand they think raising the debt ceiling is not responsible. they also know it's irresponsible to default on your debt. there's a lot of confusion out there about what's at stake. what's at stake, if we don't pay our bills we crash the economy, not just here but across the globe. that is a disaster. some republicans may be comfortable with that. i don't think most americans are, most independent voters aren't, boehner, they know that. they are
if you don't raise the debt ceiling an economic calamity. they are saying let the chips fall where they may. astounding. >> a really frightening thing. one thing interesting about this discussion, if you ask people do you think we should raise the debt ceiling, the majority of people will say no. if you ask people do you think we should pay our debts and stand by our debts and not default on our debt, an even larger number of people say, no, we shouldn't do that. we certainly should pay...
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Oct 8, 2013
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so there was a negotiation then amongst democrats over raising the debt ceiling. the long and short of it is there is going to be a negotiation here. we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. the idea that we should continue to spend money that we don't have and give the bill to our kids and our grandkids would be wrong. this isn't about me and frankly, it's not about republicans. this is about saving the future for our kids and our grandkids and the only way this is going to happen is to in fact have a conversation. so it's time to have that conversation. not next week, not next month. the conversation ought to start today. and i'm hopeful that whether it's the president or a democrat leader here in the congress, we can begin that conversation. >> can you tell us please, what would you say to military families who have just been denied death benefits due to the shutdown? >> last week, the congress passed the pay our military benefits act. we gave broad authority to the depart
so there was a negotiation then amongst democrats over raising the debt ceiling. the long and short of it is there is going to be a negotiation here. we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. the idea that we should continue to spend money that we don't have and give the bill to our kids and our grandkids would be wrong. this isn't about me and frankly, it's not about republicans. this is about saving the...
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they are offering to raise the debt ceiling on a short-term basis. a six-week boost of the debt ceiling. but it doesn't include with the government reopening or deal with the government reopening at all. john boehner told reporters that has they take this proposal to president obama nothing is on the table, but nothing is off of the table either. >> it's time for leadership, and time for this conversation to begin, and i would hope that the president would look at this as an opportunity and good faith effort on our part to move halfway. >> the house republican plan would forbid the treasury department from taking what is called extraordinary measures. when they hit the ceiling there are extrordanaire measures that can be taken to ensure bills are paid. so putting that off of the table will be unpalatable to the white house, and we have some other concerns, but we may see it hit the house floor as soon as today, dell? >> libby how realistic is this deal? >> the white house has said they really want to see the federal government reopened and that has t
they are offering to raise the debt ceiling on a short-term basis. a six-week boost of the debt ceiling. but it doesn't include with the government reopening or deal with the government reopening at all. john boehner told reporters that has they take this proposal to president obama nothing is on the table, but nothing is off of the table either. >> it's time for leadership, and time for this conversation to begin, and i would hope that the president would look at this as an opportunity...
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Oct 14, 2013
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open the government, raise the debt ceiling. they both say they want the same thing. >> a couple of questions. they didn't get a conference in the house and the senate because when you're in the house, you get recommit and you get a lot of embarrassing votes up. the republican leadership didn't feel they were helpful on that. the house did something that the senate didn't do. they passed a number of appropriations bills. the senate has passed zero. the senate has passed zero. but it's like 65% of government because you had d.o.d. and some of the others. republicans feel they gave the tax cuts last year when they were expired and tax rates went up for many americans. so obama care's additional tax on people, they felt they've given enough. compromising people have to move off of the positions, that's how you get there. we're at the point where democrats don't think that the republicans are giving enough, vice versa. we have to do the shutdowns and i think -- >> what may come out of this, we don't know yet, but what may come out o
open the government, raise the debt ceiling. they both say they want the same thing. >> a couple of questions. they didn't get a conference in the house and the senate because when you're in the house, you get recommit and you get a lot of embarrassing votes up. the republican leadership didn't feel they were helpful on that. the house did something that the senate didn't do. they passed a number of appropriations bills. the senate has passed zero. the senate has passed zero. but it's...
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Oct 5, 2013
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cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be addressed. this year, we'll have more revenue than any year in the history of our country and yet still have a nearly $700 billion deficit. i think the american people expect if we're going raise the amount of money we can borrow, we ought to do something about our spending problem in the lack of economic growth in our country. >> is this shutdown -- this showdown about
cerealing to be raised.-- the debt ceiling to be raised. you do not want the u.s. to default. democrats are interpreting that saying the 11th hour, when the president refuses to negotiate on the debt ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american...
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ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic especially as you said there's issues and not only debt ceiling, sequester and government funtding so if the president wants a deal on any of those, making a new coin to raise the debt ceiling probably wouldn't bode well for the totality of those negotiations. >> i would say minting a coin, it definitely is sort of gimmicky or silly and so is using the debt ceiling as a hostage taking technique so glad that they haven't totally ruled that out yet and use it maybe as leverage in this upcoming fight. jake, thanks so much for joining us. >> thanks, guys. >>> up next, the white house calling in
ceiling and indicates the president could raise the debt ceiling without the consent of congress. doesn't seem like they'd be open to something like this but covering it for three years, i really i guess i wouldn't be surprised if anything happened but this is not gaining real traction on capitol hill. and it's tough to say what kind of -- what this kind of -- what people are calling a gimmick means for the negotiations. republicans across the board blasted this idea and doesn't seem realistic...
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Sep 19, 2013
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of that negotiation would be to defund the affordable care act. and also they want the type of cuts in the deficit -- in the budget that really will kill everything that the president stands for. if only as we see this modest increase in unemployment, the wealthy are making so much money. the disparity between the poor and the middle class, which is the heart of our great nation, is falling into poverty. we need to have the government to participate with the private sector to get our great country back to work. but when you talk about cut further than the sequestration and to defund, that's not negotiation. that's puttin
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party. >> that statement got four pinocchios in today's "the wall street journal." but this is a president negotiating with assad through putin. he's a penpal of iran's new president. but he's not going to sit down and negotiate with republicans on the debt and the deficit? isn't that his job? is he serious? >> the republicans have made it abundantly clear that a part of...
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> you know, ronald reagan had it go up several times. the responsibility is to keep those savings bonds real, and to make the money you borrow in t-bills and everything else around the world mean something. it's not a joke. and it's not a political argument. >> some republicans want to take hostages to get policy concessions out of the president. i think some republicans want to take hostages just to blow up the bank. they want chaos. >> i think you're right, actually. >> and i think that's what's dangerous here. >> i think they're willing to dance on this thing, thinking maybe it will blow up. if it does, that's the grownups problem to deal with. that's not for little members of congress who only have to represent 600,000 people. all i have to do is be ideologically in synch with them and i'm covered. >> boehner's empowering these people. he won't face them down. so they fe
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and have nothing to do with the debt. >> you know, ronald reagan had it go up several times. the responsibility is to keep those savings bonds real, and to make the money you borrow in t-bills and everything else around the world mean something. it's not a joke. and it's not a political argument. >> some...
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Oct 10, 2013
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i'm talking about raising the debt ceiling, not the government shutdown. the debt ceiling is what i'm talking about. all governments spend more than they take in. this one in particular has to borrow, and they do that by printing money and selling debt to countries around the world. now the problem is there are some politicians who say it really doesn't matter if the debt ceiling isn't raised because the government is still bringing in money anyway through our tax -- >> if they pick and choose. >> if they pick and choose, basically, then things will be fine. jack lew's job, treasury secretary is to go in and say this cannot happen. after next thursday i will have $30 billion in the bank and that's all. and that's not enough. the last 224 years no congress has ever failed to raise the debt ceiling, and then he quoted ronald reagan by saying, even though the u.s.'s credit rating was downgraded two years ago, even with that, losing the aaa rating, the full faith and credit of the united states is still even today one of its greatest aspects. take a listen to
i'm talking about raising the debt ceiling, not the government shutdown. the debt ceiling is what i'm talking about. all governments spend more than they take in. this one in particular has to borrow, and they do that by printing money and selling debt to countries around the world. now the problem is there are some politicians who say it really doesn't matter if the debt ceiling isn't raised because the government is still bringing in money anyway through our tax -- >> if they pick and...
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Oct 6, 2013
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now coming back to us and saying it is irresponsible not to raise the debt ceiling. it is an interesting dichotemmy. you have to look at reality much like the opening monlog. there is a difference between politics and policy. and my concern so many people in washington d.c. come here because they are good at politics and not policy and good ideas. people in home don't need us to look good in washington d.c. but need solutionses and answers and we need to get them solutions and answers. >> very well said. congressman thank you very sxch appreciate you being here and go do the lord's work in the devil's town. thank you very much congressman lapping ford of oklahoma. >> he voted against obama care but now said it is here and we have to live with. it former pennsylvania >> democrats in congress that voted against obama care and lost his seat and said that obama care is law, we'll have to deal with. it joining me former pennsylvania congressman and current vice-president of the insurance company florida blue jason altmeyer. >> you are one of the few democrats who voted ag
now coming back to us and saying it is irresponsible not to raise the debt ceiling. it is an interesting dichotemmy. you have to look at reality much like the opening monlog. there is a difference between politics and policy. and my concern so many people in washington d.c. come here because they are good at politics and not policy and good ideas. people in home don't need us to look good in washington d.c. but need solutionses and answers and we need to get them solutions and answers. >>...
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Sep 26, 2013
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if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small technical default on a few of our treasury bills. that raised interest rates by over 0.5%. that was a tiny thing, nothing like what we're facing now. we could see a hike if this goes on. >> why is it so much worse this time? >> we've never done it before. it's bad because we borrow so much money. when you look at, for example, $30 billion cash on hand is what the treasury secretary says we have. we have $58 billion of really important bills. those are just the important bills in november. how are we going to pay that? who's going to decide you're going to pay social security but not the chinese, you'll pay for hig
if three weeks later within we go to that debt ceiling congress doesn't raise the debt ceiling, those are in jeopardy. you could see seniors not getting a social security check, hospitals not being paid for medicare and medicaid. main street would feel that immediately, the debt ceiling. >> let's get to debt ceiling. i am thinking about buying a car or a house. do i care? >> absolutely. it could affect interest rates. they're very likely to go up. back in 1979 we had a small...
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Sep 29, 2013
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treasury secretary sent a letter to congress this week saying unless congress raises the debt ceiling, the treasury will have $30 billion left by october 17th and possible expenditures of 60 billion on that date. unless the debt ceiling is extending the government won't be able to borrow money and pay some of its bills. that has business cautious as john chambers told me this week. >> we see opportunities and also challenges. you know what's going on at the fed and what's going on with the debt ceiling. the impact of orders coming out of federal being a bit more challenging and the retail sales. most of my ceo counter parts and industry experts are cautious. >> the dow and s&p 500 broke a losing streak on thursday. the markets fell on friday. nike reported earnings this week and beat analysts expectations. blackberry may be going private. the company considering a $4.7 billion by a private bid by fairfax capital. they are announcing a loss of 1 billion dollar in the second quarter. fall has arrived and so has fallen gas prices. unleaded is nearing $3 a gallon, the lowest since january
treasury secretary sent a letter to congress this week saying unless congress raises the debt ceiling, the treasury will have $30 billion left by october 17th and possible expenditures of 60 billion on that date. unless the debt ceiling is extending the government won't be able to borrow money and pay some of its bills. that has business cautious as john chambers told me this week. >> we see opportunities and also challenges. you know what's going on at the fed and what's going on with...
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Sep 25, 2013
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if we don't raise the debt ceiling and there's a risk of a default, that takes center.@%p stage. >> you're right. sandra pointed to that when we talked about 2011 over the debt ceiling fight there. the market sold off 17%. the s&p dropped. but for the year it gained 12%. i'm talking about about the interim between july and august when s&p downgraded the u.s. moody's put out a note saying it does not foresee a downgrade on its side of the debt rating but certainly the threat of a default always rattles bond investigators and the equity markets. they don't like to see the idea that the united states would not pay on its debt. >> neil: we're showing awe chart that gets involved. let me cut to the chase. when it looks like we're going to sort of break the bank here and the debt ceiling will be a problem, stocks turn down. when it looks short-lived, they move up. we solve the problem they really move up. now some people are saying been there, done that, getting sick of that. what happens? >> well, it goes back to the cliche, the markets don't like uncertainty. this is not th
if we don't raise the debt ceiling and there's a risk of a default, that takes center.@%p stage. >> you're right. sandra pointed to that when we talked about 2011 over the debt ceiling fight there. the market sold off 17%. the s&p dropped. but for the year it gained 12%. i'm talking about about the interim between july and august when s&p downgraded the u.s. moody's put out a note saying it does not foresee a downgrade on its side of the debt rating but certainly the threat of a...
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops, or honor our contracts with small business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet? markets could go haywire, interest rates would spike for anybody who borrows money, every homeowner with a mortgage, every student with a college loan, every small business owner wh
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up and we need to pay them. so while i'm willing to compromise and find common ground how to reduce our deficits, america can not afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills...
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Jan 16, 2013
01/13
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MSNBCW
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that is far from a don't raise the debt ceiling ultimatum. boehner has now shown that he's willing to break glass and allow legislation to pass without a majority of the majority. perhaps we've seen the near future in how the republicans end up agreeing to a debt ceiling raise without a battle. government funding and government shutdown, different story. >>> let's turn back to the big story of the day. and that is the president's push on guns and the coming fight with both congress and the nra. in addition to calling on congress to pass gun control legislation, the president will propose a set of executive actions. nbc's justice correspondent pete williams is here to help explain some of those executive actions. a big one that we know he's going to call for is this idea, pete, of basically ordering the justice department to prosecute people that fail background checks. explain why that hasn't been done before, and how it can be done. >> sure, first of all. the federal law makes it a crime for somebody to falsify, knowingly falsify information
that is far from a don't raise the debt ceiling ultimatum. boehner has now shown that he's willing to break glass and allow legislation to pass without a majority of the majority. perhaps we've seen the near future in how the republicans end up agreeing to a debt ceiling raise without a battle. government funding and government shutdown, different story. >>> let's turn back to the big story of the day. and that is the president's push on guns and the coming fight with both congress and...
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the debt ceiling unless his republican conference says they will go along then we're all in trouble then we are simply seeing the entire united states economy held hostage to a very right wing agenda as president obama says he will not negotiate over the debt ceiling that's a hard line stance you believe you'll stick by that he has to stick by it i mean this cannot be negotiable because it will essentially can't negotiate over the united states paying its own bills. in the economic strata overall view of the economist how is the president doing. i think the president's doing as well as he can do that is his jobs program is highway building infrastructure program all of the things that he has talked about to get the economy back to where it should be by this time and the republicans have said no to all of it so given that they are recalcitrant and very disciplined and they can't get any republican votes or if they can get a vote it's one or two possibly at most i think the president's hands are tied i mean the economy overall is still as i said it's struggling to get out of the gravi
the debt ceiling unless his republican conference says they will go along then we're all in trouble then we are simply seeing the entire united states economy held hostage to a very right wing agenda as president obama says he will not negotiate over the debt ceiling that's a hard line stance you believe you'll stick by that he has to stick by it i mean this cannot be negotiable because it will essentially can't negotiate over the united states paying its own bills. in the economic strata...
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raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >> unfortunately, i think it's a possibility. failing to to do this would be unthinkable. it's never happened in our history. congress does have this responsibility. it's a pretty solemn one. it is in the constitution. they have under article 1 responsibility for borrowing. if they allow the debt limb to cause a default crisis i think that would be potentially catastrophic. >> and this is where they might -- and i don't want to be pollyanna here because god knows that doesn't work in washington these days, but they all understand the consequences he
raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >>...
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Oct 9, 2013
10/13
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debt ceiling. but he may have provide aid small opening to get ideal done. new focus on safety standards in bangladesh after a fire kills 10 people at a crowded garment factory. and just weeks after swimming from cuba to florida, diana identify ahead takenyadtakes ong challenge to benefits the victims of hurricane sandy. ♪ ♪ >> welcome to al jazerra america, i am stephanie sy. it is considered one of the most influential jobs in the world. on wednesday, president obama is expecting to no, ma'am made januarjanet yellen to prelace bn bernanke as head of the federal reserve. yellen is taking over at a pivotal time for the economy mad the banking industry. kimberly reports. >> reporter: running the central banking system in the united states is one of the most powerful jobs in the world. and the person in charge can directly affect the wallets of every american and the global economy. >> good afternoon. >> reporter: the fed chief is, s the chair is sometimes called sets the price of borrowing money
debt ceiling. but he may have provide aid small opening to get ideal done. new focus on safety standards in bangladesh after a fire kills 10 people at a crowded garment factory. and just weeks after swimming from cuba to florida, diana identify ahead takenyadtakes ong challenge to benefits the victims of hurricane sandy. ♪ ♪ >> welcome to al jazerra america, i am stephanie sy. it is considered one of the most influential jobs in the world. on wednesday, president obama is expecting to...
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Oct 9, 2013
10/13
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ceiling raised not just in a piecemeal fashion but for over a year because that would get it off the table through midterm elections. and a lot of them are pointing to majority leader in the senate. and here what he had to say today. >> let's reopen the government. speaker boehner could end this government shutdown today, an hour from now by letting the house, entire house vote on the senate's clean bill to reopen the government. when the speaker is on national tv and other places saying we don't have the votes, he never -- he will never know because he won't let the measure come to the floor. of course it has enough vote. let's reopen the government and pay our bills. is no reason for republicans to force the nation's economy ever closer to catastrophic default. >> democrats say these issues have to be dealt with before they are really willing to negotiate. >> libby, how it is playing out among americans? what r the polls and everything else saying? >> there is a lot of fear about what actually breaching the debt ceiling would mean. and economists are saying you really need to be re
ceiling raised not just in a piecemeal fashion but for over a year because that would get it off the table through midterm elections. and a lot of them are pointing to majority leader in the senate. and here what he had to say today. >> let's reopen the government. speaker boehner could end this government shutdown today, an hour from now by letting the house, entire house vote on the senate's clean bill to reopen the government. when the speaker is on national tv and other places saying...
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Jan 15, 2013
01/13
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but don't you agree that if the president gets the debt ceiling raised with no commitment to spending cuts in the future, if he gets a ban of assault weapons, ammunition, more stringent background checks that this will divide the republican party. say they squeak it through in the house say boehner makes it happen. which i don't think he's going to by the way. then the republican party fractures it becomes weaker. the strategy the president is employing is i am not going to compromise on the debt ceiling. i don't know what he will do on gun control but don't compromise on the debt ceiling. do it by executive order and then say it is your fault. either way he gets the republicans. if they pass they get weakened if they oppose they demonize. >> it is a smart political strategy. >> it could be but it worked so far but not 100 percent. remember republicans got control of the house of representatives during his term after his first two years when he was very aggressive about his initiatives and they kind of stopped him in his tracks. he can't do very much over there. if you resist him i am
but don't you agree that if the president gets the debt ceiling raised with no commitment to spending cuts in the future, if he gets a ban of assault weapons, ammunition, more stringent background checks that this will divide the republican party. say they squeak it through in the house say boehner makes it happen. which i don't think he's going to by the way. then the republican party fractures it becomes weaker. the strategy the president is employing is i am not going to compromise on the...
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Jan 26, 2013
01/13
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now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see something like the senator from georgia who says today he's not going to run. he said nothing to do with the fact he split had tea party challenge coming up. but people like that, mitch mcconnell, senate minority leader, getting a little nervous. >> i think that is a real link between what john is talking about. in that the people who are in office have got to worry about the tea party and its demands for these really significant cuts. and then you have r.n.c. down in charlotte saying, let's not focus on those things anymore at an event, by the way, where no tea party person was invited. how can they balls t
now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten years. so they're their challenge in winning over americans to the vision of smaller government and practical way is getting tougher. gwen: when you see...
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Sep 30, 2013
09/13
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this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the majority for concessions. you can argue whether it is healthy or unhealthy, but its very existence leads to the kind of showdown we are having now. question about where the money comes from when we raise the debt ceiling. why can't we just print more money? aren't we doing that every month now? guest: right. ok, it is really important to distinguish between the banking system, the federal reserve and the banks, and how money is created in a modern capitalistic economy versus what the government spends. congress does not have any right to print money. the feder
this is because it is so important to raise the debt ceiling. the republicans are saying this is our chance to get what we want and what we think is right for the country. most countries do not have a debt ceiling. they just pay the bills that toy incur and do their best have as little debt as they can get away with. the debt ceiling was put in place to create situations like this, to raise pressure on both , to give a party that might not have a majority the ability to put pressure on the...
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Jan 7, 2013
01/13
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. >> "i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired." if you have a comment or story idea for stanley, e- mail us at peoplebehavingbadly@kron4.co m >> reporter: strong words for a new congress, the new years deadline for the so-called "fiscal cliff" has come and gone. now lawmakers start a new session under pressure to avert another financial crisis - this time over raising the debt ceiling. if an agreement isn't reached by late february or early march, the united states risks defaulting on its financial obligations. the argument this time around will be over how much congress will agree to cut spending. >> "the bottom line is we can't continue down the path we're on of borrowing money to pay our own debt with, and we've got to have serious spending cuts. we've got to have dollar for dollar within the same year." >> reporter: >> reporter: but key democrats say the debt limit and spending cuts are not related, and a deal based on a dollar-for-dollar offset could further damage the country's credit rati
. >> "i believe we need to raise the debt ceiling, but if we don't raise it without a plan to get out of debt, all of us should be fired." if you have a comment or story idea for stanley, e- mail us at peoplebehavingbadly@kron4.co m >> reporter: strong words for a new congress, the new years deadline for the so-called "fiscal cliff" has come and gone. now lawmakers start a new session under pressure to avert another financial crisis - this time over raising the...
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Oct 7, 2013
10/13
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he called it a leadership failure to have to raise the debt ceiling. so the president needs to be engaged. he needs to be in discussions and so often when the debt ceiling is raised, it isn't time for fiscal discipline to talk about maxing out the country's credit cards and need to find ways to get the spending under control. jenna: a column this weekend was about how both sides could win in the shutdown deficit debate and it's been a winning point for republicans to really advocate deficit reduction and that's where the weight, the bulk of the time needs to be spent. do you also agree with that? and how do you see the republican strategy moving forward over the next several hours and days as we try to figure out how to get the government open for business as you say you want it to be? >> deficit reduction without increasing taxes, that's a key component of this. to make sure we just don't keep going on spending and then just -- the president says just raise taxes on americans to do it. we need to get the spending under control and each time that the p
he called it a leadership failure to have to raise the debt ceiling. so the president needs to be engaged. he needs to be in discussions and so often when the debt ceiling is raised, it isn't time for fiscal discipline to talk about maxing out the country's credit cards and need to find ways to get the spending under control. jenna: a column this weekend was about how both sides could win in the shutdown deficit debate and it's been a winning point for republicans to really advocate deficit...
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Oct 9, 2013
10/13
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they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to thinking of a republican party that was much smaller thanand this one is. this is a raucous caucus, no doubt about it. a lot of people came here in 2020 and 2012. again, they are trying to do the right thing, doing what their constituents want them to do, i would expect a vigorous debate. the democrats are more cohesive than they used to be. the diversity that we used to think of, they are smart -- smaller and further to the left, it makes agreement between the two difficult from the speaker standpoint. host: congressman peter king talk about this clash within
they willtly, i doubt be there to vote to raise the debt ceiling. prerogative, but at the end of the day i think we have a responsibility to work across the aisle and do the right thing. some people have suggested that if you look at house republicans right now, there is something of a civil war playing out. [laughter] is a vigorous debate, and that is fair enough. look, we are a pretty big party. we have been the major party in congressional elections, which is quite something. we are used to...
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Sep 25, 2013
09/13
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the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt ceiling, it is kind of like a false argument. is it your position it is not a big deal? and, two, would there be a debt figured that you would be concerned we would not be able to dig our way out of? guest: that is a good question. i do think we have a debt issue in this country but the debt ceiling is not central to that issue. the debt ceiling has to be raised because of commitments congress has already raised. across the last several congress is going back 10 or 15 years we made spending decisions am a taxing decisions, commitments. and we
the leverage is not raising the debt ceiling. the american people do not want unrelated items being used as leverage around shutting down the government are increasing down the government or increasing the debt ceiling. -- kyle is on our line for democrats. georgia. you are on with charisma john delaney. caller: i am not a democratic caller. i don't want to misrepresent your position, but something you said concerned me. -- seem to scene brush off the debt crisis, and increasing of the debt...
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Sep 21, 2013
09/13
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FBC
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debt ceiling as a mere protest vote. now as president he is heading into the debt ceiling and government shut down fights with a weekend party with many fellow democrats define him on syria and that a handful of senate democrats were the ones to stop the president from nominating larry summers as the next fed chairman. while some of his supporters and organized labor have been grumbling for changes to his health care law, he should better off today firing up a union to out at a ford motor plant by counting the benefits of health care. he went out of his way to show that the gop has deep divisions with some senate republicans are urging their house colleagues not to spark a government shut down that could let the president off the hook. >> they are holding the whole country hostage. one republican senator called shutting down the government of the affordable care act the dumbest idea i have ever heard. i agree with him. >> reporter: a reference to republican richard burr, though bob corker also underlined the president's
debt ceiling as a mere protest vote. now as president he is heading into the debt ceiling and government shut down fights with a weekend party with many fellow democrats define him on syria and that a handful of senate democrats were the ones to stop the president from nominating larry summers as the next fed chairman. while some of his supporters and organized labor have been grumbling for changes to his health care law, he should better off today firing up a union to out at a ford motor plant...
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debt ceiling to a certain amount but there is actually no ceiling at this moment what happens the day after february seventh every day is that the president basically says this is how much money we spend and call congress authorizes it and then the debt ceiling is raised by that amount so there's a little bit of wiggle room there now this is something weird and i correct me if i'm wrong here but it's my understanding the debt ceiling can be contested by congress is that correct yes this was something interesting and unexpected that i. the president has three days to look over and basically sign a piece of paper it says we need to raise the debt ceiling now congress has twenty two days to pass what's called disapproval so they can actually contest and while this probably unexpected given what the tea partiers have done to delay this process so that it's not completely out of the room or unexpected that they might do something to use this clause that's in there right now now we've been talking about the long term consequences of this and we know that standard and poor's was just in. inc
debt ceiling to a certain amount but there is actually no ceiling at this moment what happens the day after february seventh every day is that the president basically says this is how much money we spend and call congress authorizes it and then the debt ceiling is raised by that amount so there's a little bit of wiggle room there now this is something weird and i correct me if i'm wrong here but it's my understanding the debt ceiling can be contested by congress is that correct yes this was...